Money Laundering Indicators

Account transactions that are inconsistent with past deposits or withdrawals such as cash, cheques, wire transfers, etc.

Transactions involving a high volume of incoming or outgoing wire transfers, with no logical or apparent purpose that come from, go to, or transit through locations of concern that is sanctioned countries, non-cooperative nations and sympathizer nations.

Unexplainable clearing or negotiation of third party cheques and their deposits in foreign bank accounts.

Structuring at multiple branches or the same branch with multiple activities.

Corporate layering, transfers between bank accounts of related entities or charities for no apparent reasons.

Periodic transfers made by several people to the same beneficiary or related persons.

Lack of apparent fund raising activity, for example a lack of small cheques or typical donations associated with charitable bank deposits.

Using multiple accounts to collect funds that are then transferred to the same foreign beneficiaries

Transactions with no logical economic purpose, that is, no link between the activity of the organization and other parties involved in the transaction.